Added to YB: 2026-01-23
Pitch date: 2025-11-17
SWIM [bullish]
Latham Group, Inc.
+10.94%
current return
Author Info
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Company Info
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand.
Market Cap
$778.1M
Pitch Price
$6.31
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.07
P/E
-69.99
EV/Sales
1.92
Sector
Leisure Products
Category
turnaround
Show full summary:
Latham Group, Inc. - $SWIM
SWIM: Pool manufacturer at trough - 50% below 2021 peak pool starts. Fiberglass gaining share (23% in 2024 vs 4% pre-2000) driven by cost/speed advantages. Dominant market position (50% fiberglass share). 2.3x net debt/EBITDA, 6% FCF yield on 2026 bear case. Midcycle 96K starts vs 62K 2024 could drive 24% EBITDA margin.
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